Late Arriving Tax Form 5498 AND Proxy Season Notice Reminder …

With the eventual wave to tax season goodbye … oh wait … We need to remind you of ANOTHER  form that will be coming soon.

Form 5498 Arrival Soon2017 Form 5498

This tax form limps into your mailbox and may cause an increase in blood pressure due to the instant though “Oh no, I forgot something?”

NOPE, not a worry. This form settles up your contributions, rollovers and values for your Qualified Assets ….. think IRA, SEP or 401k Rollover and the like.

It rolls in after tax season as it reports contributions for the current year to the IRS and they settle up the matching on their side for the appropriate year. Yet another neat thing the IRS does for us.

Proxy Season Coming

As a courtesy for clients and as a more GREEN Internal Policy we accept all Proxies for clients and vote. One Proxy statement which may be delivered to us electronically can handle literally hundreds of clients at once, saving the company a headache and lessening the duplication cost and waste.

Companies occasionally lose the directive to send us the material …. new recordkeeping, merging with another company or the like, are reasons, but no matter – If you are receiving proxy material please let us know and we will have information at the delivering company update their records, saving time and waste.

Looks to be a wonderful weekend here in the south … enjoy yours wherever you may be and …. Talk to you next week!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.

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